{"id":5698,"date":"2025-07-08T04:11:08","date_gmt":"2025-07-08T04:11:08","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-stalls-below-110k-another-rejection-for-bulls\/"},"modified":"2025-07-08T04:11:08","modified_gmt":"2025-07-08T04:11:08","slug":"bitcoin-price-stalls-below-110k-another-rejection-for-bulls","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-stalls-below-110k-another-rejection-for-bulls\/","title":{"rendered":"Bitcoin Price Stalls Below $110K \u2014 Another Rejection for Bulls"},"content":{"rendered":"<p><em>Bitcoin price started a fresh decline from the $110,000 zone. BTC is now declining and might trade below the $107,500 support zone.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh decline from the $110,000 zone.<\/li>\n<li>The price is trading below $108,500 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break below a key bullish trend line with support at $108,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could start a fresh increase if it stays above the $106,500 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Dips Again<\/h2>\n<p>Bitcoin price started a fresh increase after it settled above the $108,500 resistance. BTC cleared many hurdles near $109,000 to start a decent increase but it failed to clear $110,000.<\/p>\n<p>A high was formed at $109,700 and the price started a fresh decline. There was a move below the $109,200 and $108,500 levels. Besides, there was a break below a key bullish trend line with support at $108,200 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Bitcoin is now trading below $108,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $108,150 level. It is close to the 23.6% Fib retracement level of the downward move from the $109,700 swing high to the $107,674 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-784927\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/07\/Bitcoin_c49639.png?resize=1024%2C479\" alt=\"Bitcoin Price\" width=\"1024\" height=\"479\" \/><\/p>\n<p>The first key resistance is near the $108,500 level or the 50% Fib retracement level of the downward move from the $109,700 swing high to the $107,674 low. A close above the $108,500 resistance might send the price further higher. In the stated case, the price could rise and test the $110,000 resistance level. Any more gains might send the price toward the $112,000 level. The main target could be $115,000.<\/p>\n<h2>More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $108,500 resistance zone, it could start another decline. Immediate support is near the $107,500 level. The first major support is near the $106,500 level.<\/p>\n<p>The next support is now near the $105,500 zone. Any more losses might send the price toward the $104,200 support in the near term. The main support sits at $103,500, below which BTC might continue to move down.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $107,500, followed by $106,500.<\/p>\n<p>Major Resistance Levels \u2013 $108,500 and $106,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a fresh decline from the $110,000 zone. BTC is now declining and might trade below the $107,500 support zone. Bitcoin started a fresh decline from the $110,000 zone. The price is trading below $108,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5699,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-5698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt","tag-xbtusd"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=5698"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5698\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/5699"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=5698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=5698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=5698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}